Oil Futures Slide as Libya Boosts Oil Production

TODAY: July 10, 2014 PUB DATE: July 10, 2014

By Eric Yep Crude-oil futures extended their sell-off in Asian trading hours Thursday as Libya's oil output ramped up, and after Chinese oil imports in June fell from a month earlier. On the New York Mercantile Exchange, light, sweet crude ...

Fitch Downgrades Puerto Rico General Obligation Bonds

TODAY: July 10, 2014 PUB DATE: July 10, 2014

By Maria Armental Fitch Ratings on Wednesday cut the rating of Puerto Rico's general-obligation bonds one notch, deeper into junk territory, citing the country's outstanding debt and unfunded pensions. The downgrade follows earlier rating cuts from Moody's Investors Service and ...

Bank of Korea Keeps Base Rate Unchanged At 2.5%

TODAY: July 10, 2014 PUB DATE: July 10, 2014

SEOUL--South Korea's central bank on Thursday kept its benchmark interest rate steady at 2.5% as widely expected. The decision to stand pat for the 14th consecutive month comes as a slower-than-expected pace of recovery has lowered market anticipation of a ...

Malaysia June Palm Oil Production, Ending Stocks Down; Exports Up

TODAY: July 10, 2014 PUB DATE: July 10, 2014

By Huileng Tan SINGAPORE--Malaysia's June palm oil production fell 5.3% from a month ago to 1.57 million metric tons, with end-month stocks also falling 10% from May to 1.66 million tons, the Malaysian Palm Oil Board said Thursday. The country ...

French Consumer Prices Flat in June Vs May

TODAY: July 10, 2014 PUB DATE: July 10, 2014

By William Horobin PARIS--French consumer prices stagnated in June from May as a fall in the cost of manufactured goods offset the seasonal increase in services prices, French statistics agency Insee said Thursday. Consumer prices were unchanged in June from ...

China Exports Up 7.2% in June

TODAY: July 10, 2014 PUB DATE: July 10, 2014

BEIJING--Exports from China rose 7.2% year over year in June, data from the General Administration of Customs showed Thursday. Growth was slightly faster than May's 7.0% increase but below a median forecast of 10.0% growth in a poll of 21 ...

French Industrial Output Drops Sharply and Unexpectedly

TODAY: July 10, 2014 PUB DATE: July 10, 2014

By William Horobin PARIS--French industrial production dropped unexpectedly in May as a rebound in energy production was offset by the largest decline in manufacturing output in over 18 months. Industrial production fell 1.7% in May from April, while economists polled ...

Budget Fails To Impress Market, Sensex Ends Down 0.3%

TODAY: July 10, 2014 PUB DATE: July 10, 2014

By Debiprasad Nayak and Kenan Machado MUMBAI--Indian shares dipped and climbed again during the government's budget presentation on Thursday as fears over social spending gave way to relief over tax incentives. But the market ended up down for the day ...

BOE Keeps Rates Unchanged

TODAY: July 10, 2014 PUB DATE: July 10, 2014

By Jason Douglas LONDON--The Bank of England left the U.K.'s benchmark interest rate unchanged Thursday amid criticism that officials are sending confusing signals on when borrowing costs will eventually start to rise. The central bank said its nine-member Monetary Policy ...

Germany Warns Economy Slowed in 2Q

TODAY: July 10, 2014 PUB DATE: July 10, 2014

BERLIN--Germany warned Thursday that its economic growth rate slowed in the second quarter because of the Ukraine-Russia conflict and an unusually weak seasonal pick-up this spring, but it stressed that the economy's overall upward trend was intact. The warning from ...

U.S. Jobless Claims Fell Last Week

TODAY: July 10, 2014 PUB DATE: July 10, 2014

WASHINGTON-New applications for unemployment benefits fell last week, a new sign of an improving labor market. Initial claims for unemployment benefits decreased by 11,000 to a seasonally adjusted 304,000 in the week ended July 5, the Labor Department said Thursday. ...

Greek Jobless Rate Still Over 27%

TODAY: July 10, 2014 PUB DATE: July 10, 2014

ATHENS--Greece's jobless rate in April was still just over 27%, unchanged from an upwardly revised figure a month earlier, showing that a recovery in the country's jobs market continues to languish despite signs the economy is inching its way out ...

Russia Posts First-Half Budget Surplus

TODAY: July 10, 2014 PUB DATE: July 10, 2014

MOSCOW--Russia posted a 649.3 billion ruble ($19.1 billion) budget surplus in the first half of the year, the Finance Ministry said Thursday. The surplus represents 1.9% of the country's gross domestic product, while the outlook for the whole of 2014 ...

China Exports Strengthen on U.S. Demand -- 2nd Update

TODAY: July 10, 2014 PUB DATE: July 10, 2014

By Mark Magnier and Richard Silk BEIJING--Chinese exports grew in June on the back of strengthening U.S. consumer demand, in a positive sign for China's factory sector and for the global economic outlook. The pace of export growth disappointed some ...

U.K. House Price Growth Slowed in June

TODAY: July 10, 2014 PUB DATE: July 10, 2014

LONDON--U.K. house price growth slowed in June as the London market was less busy and more property was available for sale nationally, a survey showed Thursday. The Royal Institution of Chartered Surveyors" monthly house price balance fell to +53 in ...

New Zealand Manufacturing Activity Continues to Expand

TODAY: July 10, 2014 PUB DATE: July 10, 2014

By Lucy Craymer WELLINGTON, New Zealand--New Zealand's manufacturing activity rose in June, continuing a run of growth that has seen the index in expansionary mode for 21 consecutive months. The BNZ-BusinessNZ seasonally adjusted performance of manufacturing index rose to 53.3 ...

China Exports in June up 7.2%; Market Expected 10%

TODAY: July 10, 2014 PUB DATE: July 10, 2014

BEIJING--Exports from China rose 7.2% year over year in June, data from the General Administration of Customs showed Thursday. Growth was slightly faster than May's 7.0% increase but below a median forecast of 10.0% growth in a poll of 21 ...